Essential Funding For An SME Just Became Easier With Alt-Fin Firms

There is absolutely no hiding the fact that alt-fin firms have changed the landscape of the country’s economy. Their quest to help small and medium cap enterprises has become a prime factor in the growth of the client, which variably translates into the numbers that we are now seeing.

Besides, economists back this claim and have credited alt-fin firms’ flexibility for such a drastic improvement. The fact that firms like Cresthill Capital devise their services in a way that they cover the entire scope of the funding sector, has worked well within the small and medium scale business sectors.

Further, for a decade, now, alt-fin companies have the processing real smooth for businesses. The larger part of this smooth process banks on the applicant’s application. The application filling process is far simpler than the traditional channel. Apart from that, these firms consider all applications closely that seek their help. And, their quicker funding process has accounted for a large number of small and medium-sized businesses who are happy to obtain funds, at such a fast pace, to run their day-to-day operations and, in some cases, expansion.

In addition to all this, here are a few points that show how essential funding from the alt-financing arms is crucial to small and medium cap business owners:-

They Have Removed Concerns For Collaterals And Credit Score

Before their arrival, the biggest concern for a small or medium cap businessman was to maintain a healthy credit score and have heavy collaterals, in order to fetch funds from the traditional channels. Any of the two missing would land the applicant’s application in a bin. Further, the recession period was tougher for these businessmen by disrupting the regular cash flow.

However, for every problem, there is a solution. And, alt-fin companies like Cresthill Capital were the solution to this. They came with armor in the form of a guardian angel for these small and medium cap businessmen. Their innovative techniques to assist businessmen give them a clear overview of the applicant’s needs.

Besides, firms like Cresthill Capital review an applicant on the basis of their digital transaction records, expenses, and their spending habits. Thus, removing the need of asking for either a collateral or a credit score or both!

They Provide You With The Exact Amount 

Unlike traditional channels, who reluctantly provide funds, alt-fin firms are nothing but a businessman’s supporting arm. They provide you with funds that you came seeking. Further, there are so many ways in which you can get it customized. To meet the regular needs like that of payroll, purchasing equipment, paying out partners and other holders require an even flow of cash.

This is where a company like Cresthill Capital, whose services are adaptable as per its client’s requirement plays a significant part in business growth. Their willingness to give the desired amount to business needs makes them an SME owner’s favorite.

To conclude, everyone knows how fickle industries are. A small disturbance can become a big factor in determining the downward path of a business. In such a case, is it wise to sit back and wait for traditional channels to reject an application or opt for someone who is ready to share the burden with the applicant? Without a doubt, the second one! In fact, these firms work to preserve the best interest of the business that is approaching them in such a way that there is uniform cash flow is maintained throughout.

Reasons Why Cresthill Capital & Mantis Funding Are Ideal Partners For Your Business

This is a well-known fact that businesses have their needs as per their size. A small business will have small needs, and vice-versa for big businesses. However, these needs can turn out to be a big and uncontrollable snowball, which becomes hard to handle if correct measures or help is not provided. Moreover, when a businessman is not blessed with heavy collaterals and a sensational credit score, then this can also take a toll on the prospect of expanding and growing the business.

So, where should a business turn for help? This is where alternative financing steps up and helps a businessman to handle these snowballs. Further, for a businessman, it feels good to have someone to share the burden and helps in smoothing the operations.

Thankfully, the presence of micro-funding firms like Cresthill Capital and Mantis Funding is turning out a blessing for the SMEs. Besides, my experience with them has been awesome, and this is the reason why I am writing this piece. When I started, there were a lot of people who heard about them. Further, with the help of a friend, I called Cresthill Capital and Mantis Funding and had a great experience dealing with them. This is something that I am going to share here:

Efficient like no one!

When I was starting out, I also heard a lot of misconceptions that going online is possibly a mistake. However, to their astonishment and my belief, joining hands with Cresthill Capital and Mantis Funding turned out to be the best decision I ever made. They were quick and efficient in their transactions, approval, and communication. It took them just 3 days to process my application and get the negotiations along with paperwork.

Easy as you like

Since I have been dealing with traditional channels before, I can say that I have not found any financial channel as easy going as Cresthill Capital and Mantis Funding yet. Rather than judging me on my credit score, they looked at my business and how well it was being maintained despite the problems that dragged me to them. They looked into my firm’s revenue pattern and its expenses. The proficient team appointed by them to get the application filled did not give me a chance to find any Cresthill Capital complaints. This was as easy as I wanted!

They dig to know what exactly you need  

As mentioned, they worked well to understand what I really want them to provide me. The fact they provided me with a deal that covered all my firm’s expenses to get it in order with a long term contract, helped me to plan my finances accordingly. They provided me with merchant cash advance services and designed the repayment as a percentage of my credit/debit card swipes.

As I said, Cresthill Capital and Mantis Funding was a blessing in disguise for me. I have really loved working with them, and I would urge you to at least contact them just to find out why they are your idle finance partner.

Decoding two biggest misconceptions about the alt-fin industry

The alternative lending industry is making forward strides pretty swiftly. This decade, 2020, will see telling changes and a significant rise in the growth of this new finance industry which is empowering SMEs. This industry has also worked on some of the existing problems SMEs faced, like that of credit flow towards the business sector. The alt-financiers are working to bridge this credit flow with effective alternative financing tools such as crowdfunding, peer-to-peer funding, factoring, etc. so that SMEs can get their chance to grow and expand.

In spite of the fact that alt-financing is developing into a go-to option for the small and medium cap businessmen, there lies a little delusion regarding this industry. Let’s go into the depths to find out what exactly it is.

Misconception 1: This sector is only for those who are seeking credit desperately.

There was a misconception during the inception of this industry that this kind of alt-financing was only for those who were looking for credit desperately. However, this notion does not hold true. With banks turning down a credit-seeking application on different grounds which range from lack of adequate collaterals, lack of proper credit score and what not! If this was true, then the alternative financing firms would have shut-down by now, and the industry would have not grown the way it has in these many years.

The unprecedented success of alt-fin firms like Cresthill Capital and Mantis Funding are good examples of that these companies operate just like other businesses and assess the risk logically before providing funds. Thus, refuting the first misconception.

Misconception 2: Only after getting rejected by banks, should you approach these firms.

Or, as I hear many times, look up alternative lending sources only after your application has been rejected by banks. This, again, is a big misconception. The truth, in fact, is that many business owners find it much easier to avail of financing from an alternative lending source as compared to banks or credit unions.

Businessmen now consider alt-financing as their first option instead of second. More so, since business owners are finding that getting funds with these firms is quite easy as compared to a traditional channel or any other credit union.

Moreover, hassle-free documentation, lesser judgments and more flexibility in terms of reviewing applications are working well among SMEs. Further, alternative lenders like Cresthill Capital review an application of a businessman without too much emphasis on their credit scores or any kind of collateral.

Moreover, they provide their seekers with services like cash advances considering that the business owners might have a requirement of a different size, thus, giving them an edge over the regular channel. Besides all this, the process of approving the application and disbursing the cash is as quick as 72 hours! Time is money, and that’s what they stand for.

Alternative firms like Cresthill Capital and Mantis Funding are thriving because of their strong ethics, ease in doing business with their clients and flexibility. As mentioned, they are working to bridge the gap among the SMEs to bring them on terms with the high-level firms and are putting efforts to maintain a smooth credit flow to provide more fluidity in their firm’s operations.

How The Alternative Funding Industry Is Influencing The Growth Of SMEs

With the rapidly changing demographics of the small and medium cap business, one might get tangled in the various financial channels that exist in the market. Nevertheless, if one is to observe the recent pattern and take account of the statements made by economists, they will notice that alternative financing is becoming popular day by day. But, what is the reason for that?

It is quite natural to be curious about why the alt-financing industry is peeking so much despite the presence of the traditional channels. However, what’s interesting is that the policies and services offered by this industry are making them a favorite among the SMEs and, perhaps, is one of the reasons why they are playing a very vital role in the growth of these small and medium cap enterprises.

The simple and lucid explanation to this can be that businesses need money for their growth and since it is hard to maintain a smooth flow every time, they require an external helping hand. However, due to some strict policies and apprehensions, the traditional channels are not very kind to the small and medium cap businessmen. Thus, this acts as a hindrance in the path of SME’s growth. When an idea has all the ingredients to become a success, this kind of roadblock does major damage. This is where alternative funders emerged as a dependable and robust option for businessmen.

Flexibility while providing funds

Usually, a lack of cash is something that restricts SMEs from growing and expanding. Further, traditional channels’ restriction and tough conditions for collateral and credit score do not turn things in favor of SMEs. However, alt-lenders are here to work things out for SMEs. Companies like Cresthill Capital and Mantis Funding provide an array of services with different cash capacities and flexible policies that work in favor of the SMEs.

Repayments designed as per the requirements of the businessmen

The biggest advantage of these financing firms is that they can design the repayment structure according to the needs of the businessmen. The fact they work differently in this aspect in comparison to the banks really augurs well with the SMEs. The owners get an extended period of time, are able to choose installments that can smoothly operate with their firm’s revenue system and budget.

This is the reason why this mode of financing is gaining popularity day by day. Furthermore, when it comes to client handling, they have designed channels like Cresthill Capital, where their support staff is constantly working to resolve their customer’s problems.

Efficient and constantly available for the clients

Apart from their aforementioned qualities, these firms are wooing their clients over banks due to their efficient and convenient financing. Most often, banks don’t really understand the nerve of the matter. Due to this, businessmen who need funds urgently are unable to seal the deal or get things done, which could have been done if the bank was more proactive in that particular case.

However, Cresthill Captial and Mantis Funding take pride in such tasks and treat it as a challenge where the ultimate goal is to get the thing done for the businessman as soon as possible. This kind of understanding helps these firms to work efficiently and provide funds real quick. This kind of quick disbursal can sometimes speed up and happen within a few days of application approval. Thus, taking care of the time-sensitive matter!

Exploring Small Business Financing at the Intersection of Alternative Lending Industry

The idea of small business financing and traditional lending outlets like banks is almost an oxymoron in itself. With myriad restraints, such as restricted cash flow, delayed payments, and constant capital demands, small businesses have often found themselves struggling to avail financing.

This was the case just a few years ago when SMEs regularly faced an uphill battle trying to convince banks and credit unions to lend to them. The banks had their justifiable qualms and often rejected more applications than the ones they accepted. But with alternative financing industry abloom - thanks to alternative lenders like CrestHill Capital and Mantis Funding - things have changed drastically and for the better.

Business Financing for Small Businesses

It is a small business that takes the hit when cash flow is restrictive. Positive and constant cash flow is mandatory for growth-focused SMEs looking to capitalize on available opportunities. The various reasons why an SME finds it difficult to maintain the cash flow are:

1. Delay in payments by clients and invoice clearance
2. Unexpected personal circumstances 
3. An unexpected change in customer buying behavior 
4. Global market fluctuations
5. Overstocking
6. Seasonal demand
7. Low profits in the beginning
8. Overtrading

Traditional banks have stringent conditions, especially high credit scores and collateral demands. Most small business owners can't really fulfill these conditions, and hence their financing requests are usually rejected by banks. This is where alternative lenders like CrestHill Capital and Mantis Funding step in.

Alternative lenders like Cresthill Capital understand how the credit risk of businesses can no longer be assessed using the age-old primitive criteria that are way too narrow for our current economic market needs. Their funding conditions venture beyond the restrictive two-dimensional requirements of high credit scores and heavy collaterals.

Modern age alternative lenders like Mantis Funding implement new specific underwriting practices to assess the creditworthiness of each applicant's business. The aim is to put minimal constraints on worthy clients and disburse capital to qualified applicants as fast as possible. Typical delays like arduous documentation, lengthy processes, long wait, and strenuous legal hassles are reduced drastically. The aim is fast capital access to match faster times.

Future of Small Business Financing

With remarkable work done by alternative lenders like CrestHill Capital and Mantis Funding, the future seems to be very bright for small businesses looking to expand over the next decade. According to this report, nearly ⅔ of small businesses in need of financing did not turn to traditional banks and instead opted for alternative lending.

In other words, their first and last choice was business financing from alternative lenders. This pretty much says everything about the ease and trustworthiness in associating with non-traditional financing outlets. A quick look through the Mantis Funding reviews will give a deeper understanding of what clients appreciate most about alt-lending platforms.

Without an ounce of doubt, the next two decades will highly favor the alternative lending industry-driven growth stories. Easily accessible working capital is no longer a utopian concept for small and medium enterprises. Thanks to the alternative financing industry, it is now a realistic and mainstream option for accessing cash when needed.